Kaiser Aluminum Corporation Stock Forecast
Green day on Wednesday for Kaiser Aluminum Corporation stock after gaining 1.50%
(Updated on May 01, 2024)
The Kaiser Aluminum Corporation stock price gained 1.50% on the last trading day (Wednesday, 1st May 2024), rising from $90.49 to $91.85. During the last trading day the stock fluctuated 4.26% from a day low at $89.94 to a day high of $93.77. The price has risen in 6 of the last 10 days and is up by 2.1% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 thousand more shares were traded than the day before. In total, 216 thousand shares were bought and sold for approximately $19.80 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 54.68% during the next 3 months and, with a 90% probability hold a price between $139.44 and $150.46 at the end of this 3-month period.
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KALU Signals & Forecast
The Kaiser Aluminum Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $91.12 and $87.80. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -3.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, February 08, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, February 08, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Kaiser Aluminum Corporation stock
Kaiser Aluminum Corporation finds support from accumulated volume at $88.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.83 (4.26%) between high and low. For the last week, the stock has had daily average volatility of 4.60%.
Our recommended stop-loss: $87.05 (-5.23%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (KALU) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Kaiser Aluminum Corporation to open at $91.85, and during the day (based on 14 day Average True Range), to move between $88.48 and $95.22, which gives a possible trading interval of +/-$3.37 (+/-3.67%) up or down from last closing price. If Kaiser Aluminum Corporation takes out the full calculated possible swing range there will be an estimated 7.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $92.25 (0.44%) than the support at $88.49 (3.66%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Kaiser Aluminum Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kaiser Aluminum Corporation stock to perform well in the short-term.
Current score: 3.349 Buy Candidate Unchanged
Predicted Opening Price for Kaiser Aluminum Corporation of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$91.85 ( 0.0036%) | $91.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KALU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 95.68 | 4.17 % | |
R2 | 94.22 | 2.58 % | ||
R1 | 93.32 | 1.60 % | ||
Current price: | 91.85 | |||
Support | S1 | 90.39 | -1.59 % | |
S2 | 89.49 | -2.57 % | ||
S3 | 88.02 | -4.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 95.15 | 3.59 % | |
R2 | 94.92 | 3.34 % | ||
R1 | 92.25 | 0.435 % | ||
Current price | 91.85 | |||
Support | S1 | 88.49 | -3.66% | |
S2 | 78.30 | -14.75% | ||
S3 | 70.61 | -23.12% |
KALU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 15, 2024 | Apr 24, 2024 | May 15, 2024 | $0.770 | 0.84% |
2 | Jan 11, 2024 | Jan 24, 2024 | Feb 15, 2024 | $0.770 | 1.17% |
3 | Oct 12, 2023 | Oct 24, 2023 | Nov 15, 2023 | $0.770 | 1.24% |
4 | Jul 10, 2023 | Jul 24, 2023 | Aug 15, 2023 | $0.770 | 1.03% |
5 | Apr 12, 2023 | Apr 24, 2023 | May 15, 2023 | $0.770 | 1.25% |
FAQ
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